3, RATCLIFFE GATE, SPRINGFIELD, CHELMSFORD, CM1 6AL - £290,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 RATCLIFFE GATE is a small terraced house of 68m², built sometime between 2003 and 2006, which could now be worth an estimated £370,069. It was last sold for £290,000 in February 2017, which was around 8% above the average February 2017 terraced price in the Chelmsford local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

3 RATCLIFFE GATE Sold Prices

Land registry data shows one sale for 3 RATCLIFFE GATE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced price in the Chelmsford local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 8 FEB	£290,000	£267,519	8% above HPI

What might 3 RATCLIFFE GATE be worth now?

3 RATCLIFFE GATE might now be worth an estimated £370,069.

This is based on house price inflation of 27.6%, between February 2017 and May 2026, for terraced houses, in the Chelmsford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.6% inflationary increase is applied to the most recent sale price for 3 RATCLIFFE GATE of £290,000 on 8th February 2017. For the value to have increased from £290,000 to £370,069 over the eight years and nine months to May 2026, the following assumptions must hold true:

• The value of 3 RATCLIFFE GATE has moved in line with the HPI for terraced houses in the Chelmsford local authority area.
• The February 2017 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 3 RATCLIFFE GATE has not materially changed since February 2017.

How Large is 3 RATCLIFFE GATE?

3 RATCLIFFE GATE is 68m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 30% of terraced houses in Chelmsford, based on EPC data. The below chart shows the distribution of terraced houses by size in Chelmsford, and where 3 RATCLIFFE GATE lies on this distribution: 23% of terraced houses are smaller than 3 RATCLIFFE GATE, and 75% of terraced houses are larger. Note that EPC data is not available for all properties in Chelmsford.

3 RATCLIFFE GATE: Plot

3 RATCLIFFE GATE sits on a plot of roughly 0.021 of an acre, or 85m².

Where is 3 RATCLIFFE GATE?

3 RATCLIFFE GATE is located in SPRINGFIELD, in the CM1 postcode district.